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EUR/SEK Bulls are losing momentum

EUR/SEK sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line.

On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions.

The fact that the MACD hasn't been under zero for at least one week of trading, reinforces the argument that room for further EUR/SEK depreciation is there.

EUR/USD minor recovery back to test 200 DMA

EUR/USD is currently making a minor recovery and trades at 1.1173 with a high of 1.1261 and a low of 1.1157.
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USD/SEK Bulls are losing momentum

USD/SEK Bulls are losing momentum
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